Broadcom Inc. $AVGO Stock: Integrated Advisors Network LLC Grows Holdings

Integrated Advisors Network LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,472 shares of the semiconductor manufacturer’s stock after buying an additional 2,933 shares during the period. Broadcom makes up about 1.0% of Integrated Advisors Network LLC’s holdings, making the stock its 16th biggest holding. Integrated Advisors Network LLC’s holdings in Broadcom were worth $21,588,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Broadcom during the second quarter worth about $11,998,148,000. Bank of New York Mellon Corp acquired a new position in shares of Broadcom in the 2nd quarter valued at about $10,528,191,000. Jupiter Topco LLC acquired a new position in shares of Broadcom in the 2nd quarter valued at about $7,396,271,000. State Street Corp grew its holdings in shares of Broadcom by 8.7% during the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after purchasing an additional 16,651,378 shares during the period. Finally, Deutsche Bank AG purchased a new stake in shares of Broadcom during the 2nd quarter worth about $5,661,216,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Down 0.5%

AVGO stock opened at $321.68 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The firm has a fifty day moving average price of $356.05 and a two-hundred day moving average price of $384.25. The firm has a market cap of $1.54 trillion, a price-to-earnings ratio of 41.08 and a beta of 1.46.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period last year, the business posted $1.69 earnings per share. The firm’s quarterly revenue was up 85.5% compared to the same quarter last year. Research analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio is 33.21%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: ETF investors bought approximately $89.8 million of Broadcom shares on October 21, signaling continued institutional demand. Broadcom Sees $89.8 Million in Net ETF Buying
• Positive Sentiment: Analysts continue to highlight Broadcom’s leadership in custom AI accelerators. Demand from major AI labs and hyperscalers, including Anthropic, OpenAI and Meta, supports management’s ambitious long-term AI semiconductor growth outlook. 3 Magnificent AI Chip Stocks
• Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent trading levels. Tigress Financial Broadcom Coverage
• Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for digital payments. Strong initial pilot results could create incremental growth for its software and security businesses. Broadcom Debuts Arcot Scam Defense
• Neutral Sentiment: Broadcom remains the leading custom-chip design partner, but Alphabet is diversifying its TPU suppliers. Although Broadcom may lose market share, the overall AI accelerator market is expected to expand rapidly, potentially offsetting that loss. Broadcom AI Chip Business Risks
• Negative Sentiment: Investors are worried that customer-owned chip design and increased competition from MediaTek could reduce Broadcom’s role and margins in future AI programs. Alphabet’s supplier diversification is the clearest near-term risk. Broadcom AI Chip Business Risks
• Negative Sentiment: The broader market sell-off is weighing on AI stocks amid higher oil prices, inflation concerns and questions about whether massive data-center investments will generate sufficient returns. Technical commentary identifies the $320 area as an important support test. Broadcom Faces Critical $320 Test

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Evercore set a $578.00 price target on shares of Broadcom and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Bank of America reduced their price target on shares of Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Rosenblatt Securities started coverage on shares of Broadcom in a research note on Thursday, September 3rd. They set a “buy” rating and a $600.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Broadcom in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $529.17.

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.